Renewable energy firm Suzlon Group announced a joint venture with AMP Solar

Renewable energy firm Suzlon Group announced a joint venture with AMP Solar for development and
construction of a 15-MW solar PV project at Achampet, Mahaboobnagar district in Telangana state.

According to suzlon group statement AMP Solar shall acquire a 49 per cent stake in Rudra
solarfarms Ltd, a special purpose vehicle (SPV) set-up by Suzlon for executing this project, the
contract is signed on December 21, 2016.

AMP Solar has the option to acquire the balance of the 51 per cent stake in the SPV in the
future in accordance with the relevant rules and regulations.

The offtaker of the SPV project will be the Telangana State Southern Power Distribution Company
Limited (TSSPDCL).

Suzlon will be responsible for project commissioning and to provide comprehensive operation and
maintenance services for a period of 25 years. The project is expected to be commissioned in
financial year 2017, the company added.
Suzlon won solar projects of 210 MW in Telangana through a competitive bidding process and the
PPAs for the same were signed in February, 2016. These include one project of 100 MW, one of 50
MW and four projects of 15 MW each.

Suzlon Group CEO J P Chalasani said, “For Suzlon, this project is a contribution towards our
commitment for reducing the carbon footprint and transitioning of renewables from alternate to
mainstream source of energy. We look forward to work collaboratively with AMP Solar and
contribute towards promoting green energy.